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325 Franklin St 15,806 SF Retail Building Rocky Mount, VA 24151 For Sale
INVESTMENT HIGHLIGHTS
- Adaptive Reuse Opportunity – Ideal for boutique hotel, event venue, or mixed-use retail/office.
- Limited Hospitality Supply – Few new hotels in pipeline; favorable conditions for conversion projects.
- Growing Downtown Momentum – Recent infrastructure upgrades and revitalization initiatives support long-term appreciation.
- Strong Tourism Base – Capture demand from Smith Mountain Lake, Blue Ridge Parkway, and Harvester events.
- High Visibility for Retail – Corner location with strong traffic counts (~11,000 AADT historically).
EXECUTIVE SUMMARY
Access Due Diligence and OM: Copy and Paste link https://bracketre.com/listing/7dada542-da8a-408b-b0a8-b5e34d763b35
Own a landmark property in the heart of Rocky Mount’s revitalized Central Business District. 325 Franklin Street offers ±16,000 SF across three floors plus basement, positioned at a signalized intersection on Franklin Street (VA-40) with excellent visibility and walkability. This iconic 1930 brick structure features large display windows, freight elevator, sprinkler system, and rear loading access, making it ideal for mixed-use redevelopment—from boutique hospitality and event space to retail and creative office.
Steps from the Harvester Performance Center, courthouse, and library, the property benefits from strong event-driven foot traffic, growing tourism tied to Smith Mountain Lake and the Blue Ridge Parkway, and proximity to public parking (72 spaces on Claiborne Ave plus additional lots). Recent infrastructure upgrades (ADA sidewalks, Route 220 corridor improvements) enhance accessibility for regional visitors.
Zoned CBD, the site supports a wide range of uses including retail, restaurant, office, and residential above ground-floor commercial. With Franklin County’s tourism economy topping $74.7M in annual visitor spending and limited new hotel supply, this asset is a rare opportunity to capture demand in a market poised for growth.
Own a landmark property in the heart of Rocky Mount’s revitalized Central Business District. 325 Franklin Street offers ±16,000 SF across three floors plus basement, positioned at a signalized intersection on Franklin Street (VA-40) with excellent visibility and walkability. This iconic 1930 brick structure features large display windows, freight elevator, sprinkler system, and rear loading access, making it ideal for mixed-use redevelopment—from boutique hospitality and event space to retail and creative office.
Steps from the Harvester Performance Center, courthouse, and library, the property benefits from strong event-driven foot traffic, growing tourism tied to Smith Mountain Lake and the Blue Ridge Parkway, and proximity to public parking (72 spaces on Claiborne Ave plus additional lots). Recent infrastructure upgrades (ADA sidewalks, Route 220 corridor improvements) enhance accessibility for regional visitors.
Zoned CBD, the site supports a wide range of uses including retail, restaurant, office, and residential above ground-floor commercial. With Franklin County’s tourism economy topping $74.7M in annual visitor spending and limited new hotel supply, this asset is a rare opportunity to capture demand in a market poised for growth.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
15,806 SF
Building Class
C
Year Built
1930
Tenancy
Single
Building Height
3 Stories
Building FAR
2.13
Lot Size
0.17 AC
Zoning
CBD
Frontage
47’ on Franklin
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2070103300 | Total Assessment | $1,010,900 (2025) |
| Land Assessment | $75,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $935,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2070103300
Land Assessment
$75,000 (2025)
Improvements Assessment
$935,900 (2025)
Total Assessment
$1,010,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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325 Franklin St
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